Eaglesnest's  Instablog

Send Message
Hi All: I´m an individual investor that´s writting a blog for Spanish readers about North-American Markets, to share information and investment ideas in the other side of wide Atlantic. Improving knowledge about NorthAmerican markets to Spanish investors will help to improve confidence to make... More
My blog:
    Oct 7, 2012 7:31 AM | about stocks: HPQ

    (click to enlarge)HPQ monthly candlesticks

    Good Evening:

    Apocalypse for PC era will wait for a while in my humble opinion. PC and laptops are still good tools in factories, offices and nice toys at homes; servers are the heart that store in the cloud and pumps data towards wide world web in our information technology society.

    Hewlett Packard Co. (NYSE:HPQ) manufactures Pc´s,Laptops tablets and servers, but it also manufactures printers with its cartridges (by the way..) nice business, and a wide range of electronic devices, so.. for me is well diversified in its products that reach new and old customers every day.

    Turn around stories won´t work from one day to another, but it seems to me that HPQ´s CEO Meg Whitman is working very hard to fix HPQ´s problems.

    I´m not an economist to calibrate HPQ´s financials, but I´m a fan of Tech. analysis, and over all a student of Elliott´s wave Theory. And if you analyze HPQ under that theory, you can see a clear buy signal on that company, ´cause in my humble opinion is finishing the last 5th wave in its downtrend, so after 5th wave finish its extension, there is a nice upside potential to reach a target, using Fibonacci ratio about 50% of total downtrend, more or less; we´re talking to skyrocket to level Us.$35. Uhh, of course not in one day, or one week, or one month, but in one or two years it could be. So. Swing trading Long HPQ from now it could be a nice business, because Hewlett Packard at this level has a nice reward/risk ratio for retail investors.

    Have a nice day, Love from Spain...


    Disclosure: I am long HPQ.

    Stocks: HPQ
Back To Eaglesnest's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.